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Opening a Bradford and Bingley cash isa…. Help!!


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Written on: 12.01.2010 [15:54]
Poppy
Poppy
Topic creator
Posts: 5
I was just wondering about the rules and regulations about ISAs. I have a mini cash ISA already with Barclays but next tax year I would like to open a Bradford and bingley cash isa. I don’t want to transfer the money, I just want a new ISA. Is this possible? What will happen to the previous one with Barclays? Do I have to close it? Will it continue to earn interest?
Written on: 16.01.2010 [16:55]
Louie
Louie
Posts: 3
This is no problem. You can open one ISA per tax year, this doesn’t mean you have to transfer the funds from the previous nor does it mean that you have to close the last one. Simply, that you can open one each year at the allowance for the year.
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  • Written on: 17.01.2010 [18:52]
    Subhaga
    Subhaga
    Posts: 1
    I think you last one does continue to earn but perhaps at a lower rate. Not sure, do you not have the ISA details at home somewhere? Have a look over them, if you cant find the answer call in branch and ask them.